Innwa Bank

Innwa Bank Limited
Native name	အင်းဝဘဏ်လီမိတက်
Type	Private
Industry	Bank
Founded	November 28, 1997
Founder	Myanmar Economic Corporation
Headquarters	Kyauktada Township, Yangon, Myanmar (Burma)
Total assets	260 billion kyat[1] (US$2.60 million) (2012-13)
Website	www.ablmm.com

Innwa Bank Limited (Burmese: အင်းဝဘဏ်လီမိတက်) is a private commercial bank in Burma (Myanmar). Innwa Bank was founded by the Myanmar Economic Corporation (MEC) in 1997, a major conglomerate owned by serving and retired military officers of the Tatmadaw, affiliated with the Myanmar Ministry of Defence.[1][2] The bank serves as a financial vehicle for MEC's subsidiaries and affiliates.[2] Innwa Bank is wholly owned by MEC, which is in turn, owned by the government.[3] Military authorities control the bank's management.[3]

References

"The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
Turnell, Sean (2009). Fiery Dragons: Banks, Moneylenders and Microfinance in Burma. NIAS Press. p. 266. ISBN 9788776940409.
Fujita, Kōichi; Fumiharu Mieno; Ikuko Okamoto (2009). The Economic Transition in Myanmar After 1988: Market Economy Versus State Control. NUS Press. p. 136. ISBN 9789971694616.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[bs-1] "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.

[turnell-2] Turnell, Sean (2009). Fiery Dragons: Banks, Moneylenders and Microfinance in Burma. NIAS Press. p. 266. ISBN 9788776940409.

[fujita-3] Fujita, Kōichi; Fumiharu Mieno; Ikuko Okamoto (2009). The Economic Transition in Myanmar After 1988: Market Economy Versus State Control. NUS Press. p. 136. ISBN 9789971694616.